کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
883904 | 912359 | 2011 | 10 صفحه PDF | دانلود رایگان |

Buchanan's work on the methodology of economics includes many references to externalities. Buchanan has emphasized that a subjective conception of economics, and a focus put on exchange rather than on choice, has implications on an analysis of externalities. In this paper, we analyze the reverse claim: Buchanan's views on externalities are a perfect illustration of his plea for subjectivism in economics, and the need to focus on economics-as-a-science-of exchange. We show that Buchanan's treatment of externalities was a “laboratory” for his claims and arguments about subjectivism.
► Buchanan's subjectivism is not restricted to costs.
► Buchanan's analysis of externalities is fundamentally subjectivist.
► Buchanan's subjectivism was implicit in his work on externalities before his work became explicitly subjectivist.
► Buchanan considers that economics-as-a-science-of-choice is objectivist.
► Buchanan argues that subjectivism is necessary because economics is a-science-of-exchange.
► Buchanan's work on externalities was a laboratory for his views on subjectivism.
Journal: Journal of Economic Behavior & Organization - Volume 80, Issue 2, October 2011, Pages 280–289